What do Businesses Expect from 5G Technology?

By Yana Andyol

6+

Reading Time: 7minutes

Read how 5G technology may change business

1G brought us communication. 2G enabled texting. 3G united talking, texting, and data. 4G is a faster version of 3G. In 2019, we`ll see the launch of 5G. It has received a lot of hype in the media field, especially about the way it might change the industries. Our team decided to join those who research the topic, share the insights of 5G pros and cons, and explain what`s in it for businesses.

What is 5G?

Ericsson, a company engaged in 5G infrastructure research, estimates: there will be over 1.5 billion of people connected to the network by 2024. But 5G mobile technology is not just speedy downloads. With the new network come fast connectivity, remote device control (IoT), low latency, and all-around coverage that supports smart vehicles and ensures smooth traffic flow. Real-time performance becomes critical for 5G wireless technology. Since it is a promising means for heavy machinery remote control, it maintains workers` safety and makes distant medical care real.

Why is it different?

Seems like previous generations of mobile networks have little similar with the fifth. No wonder, it has all chances to become a game-changer in different areas it might be used. Here is why:

5G Speed. Since it is still in the trial stage, it`s not clear what speeds the technology will achieve once launched. What is evident is that our use of network will be significantly faster than we have with 4G. The newer generation is expected to be 10 times quicker.

Reliability. Looks like we`ll forget about the dropped connection with 5G. The technology might go into more serious use cases in healthcare and smart car businesses.

Capacity. The new generation network easily copes with the all-at-once use of IoT, HD streaming, game-play, VR experiences, etc.

Battery Consumption. All these advances might discharge our battery quickly. But the system of 5G even keeps the device working up to ten times longer. A big promise and the reason to try.

On the Road to 5G

Qualcomm Technologies, Inc. predicts a considerable economic growth in 2035, a year when 5G fully enters the mobile world. The research estimates 5G mobile technology will be a driver for a $12.3 trillion of goods and services production. While some researchers are optimistic with the numbers, others see it as a big downsize. Wireless Communications experts at King’s College London claim that super-fast 5G is expensive, it takes years to deploy and drives urban-vs-rural digital gap.
Anyway, here are some benefits 5G brings for business, according to Qualcomm research:

Mobile revolution. Portable devices have all chances to transform the current economy and impact industrial, technological growth.

Teleworking. Although remote work has long been on the business agenda, not every company is that enthusiastic about the idea. Apart from cultural and communication issues, businesses face tech breakdown. Conference calls, group meetings still depend on network quality. 5G replaces broken access and weak connection with fast, reliable internet and, therefore, enables flawless network coverage.

Commuting. Automated and smart transport managed by a fast mobile network might reduce the time people waste on the way to the office.

Productivity. 5G could help businesses with turnover, cost safety, and profit growth.

Qualcomm researchers are sure that retail, education, transportation, manufacture, entertainment, healthcare — a wide range of industries will be under positive influence. The expected revenue growth is nearly $35 trillion by 2035, which enables supporting up to 22 million jobs. Therefore, businesses will have to adapt and face some benefits in product and service delivery.

Development

5G is not only an everyday revolution, it inevitably transforms the way we develop software today. Although no dramatical changes are predicted, fifth generation wireless technology might influence the use of websites. Since the Internet is likely to become widely-accessible, faster speed, latency, better uniformity make mobile wireless trend to evolve. Therefore, there are some real advantages 5G brings to software development. To get a website adapted for 5G surfers, here are some things to consider:

Video is a key player. Be it Instagram stories or Youtube content, video is becoming a primary means of communication and data sharing. Just because visuals are more interactive and minimize mental effort to consume the information. With 5G videos are highly likely to stream faster. Qualcomm predicts wireless technology to be 10 to 100 times quicker than any other cellular connection or cable internet. This is a hint for web designers and developers to add a place for high-performing videos that would demonstrate service or product. This is a powerful means to get customers engaged and accommodate content per their needs.

Glanceable Technology. Known as ambient, this type of technology will possibly be gaining traction with its purpose to enable effortless and immediate access to information. A good idea will be to utilize devices between the website and the local store if your business has both.

Adaptability. With the opportunity to get our devices to whatever place, 5G is going to drive this tendency further. Smartwatches, glasses or phones require a reliable Internet and non-stop access to real-time information asset and continuous changes in consumer demand. Following trends has become a tough job, but the ability to quickly adapt your software to public needs may help the companies grow. Thus, a website with easy customization panel might come in handy once 5G enters.

A crucial point to consider: not everybody on Earth would enjoy 5G in the forthcoming years. Cities are the first to embrace the network, and then it further spreads to rural areas. Therefore, better not to be overdramatic with changes in your website. After all, 5G is all about adding new capabilities over time, experimenting with new features, and creating an engaging platform for your users.

IoT for all

Industry transformation is all about improving connectivity issues, and 5G is a key role player here. The 5th generation network is merely related to better Internet speed. Chances are 5G drives connected devices for different industries: medicine, manufacture, transport. These fields increasingly rely on wireless technology to collect and analyze data, increase productivity, improve product & service delivery. 5G network might offer flexibility to manage the range of connected devices simultaneously.

Many IoT-related activities might become available with the power of 5G, so we identify key industries that are likely to develop with the new network and wireless tech support.Transport
Managing self-directing machinery sensors, cars, consumer electronics is a tough job and requires mature support of IoT empowered by 5G. Safety and real-time awareness of autonomous vehicles need a sufficient network speed and almost perfect latency.

And while the road to 5G is still a work in progress, 90% of vehicles might be connected via the Internet by 2020. The tendency would accelerate the growth of smart highways, “intelligent” traffic lights, properties, grids to build a dynamic wireless transport ecosystem. Therefore, vehicle and roadside communications would add value to logistics and implement driverless trucks for long-distance transfer routes.

Healthcare
In rural areas, where the doctors are several miles away, traveling ill or traumatized is a challenge. Although the advent of telemedicine enabled home monitoring systems, network speed causes care delays for dozens of patients per day.

With 5G, telemedicine enters a new era. As it requires and real-time video support, the use of wired networks covers the load. The latest version of mobile network makes healthcare appointments widely available, get timely care and effective communication with the staff members.

Evident transformations in healthcare industry drive new businesses development. Software and applications for remote care, pharmaceutical solutions, new insurance programmes, growth of government healthcare organizations are the new services that will come in handy as 5G evolves.

Manufacture
However, companies in the field face challenges in fast and cheap product delivery. Competition drives manufacturers to apply process innovations to gain profitability. Therefore, companies go into robotics automation and warehouse delivery to stay flexible.

5G and IoT add automation to the manufacturing process transforming it into the smart-factory model. Ericsson study proves: smart factories take advantage of artificial intelligence and AR for troubleshooting. 5G enables manufacturers to create new revenue streams. Ericsson predicts $113Bn of profit growth by 2026. The potential increase is 7% more compared to the current revenue forecasts in the industry.

AR/VR & Retail

Since AR/VR is a bandwidth-heavy service, reduced latency and high speed of 5G could improve the use of simulated environments. As a result, the use cases of AR/VR in medical care or retail are gaining traction.
Mobile AR shopping experiences can make product visualization available in the local environment. Meaning the shoppers would see additional information on any product using smartphones.

5G benefits small retail businesses as the improved connectivity encourages online location exploration via smart devices. Once the performance issues are eliminated, hardly known local companies might get more attention and increased sales.

In time, we will see how the advent of 5G impacts GDP, the way we travel, get medical care, buy groceries, watch movies, celebrate birthdays. Before 5G becomes a reality, its implementation will come through budget challenges, it will take longer for the businesses to adapt. But what we know for sure is that a new internet generation has all chances to transform lives we have today. Let`s see how it goes 🙂

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